inflation index
Cost increase measure
An inflation index measures how prices change over time, tracking the cost of a representative basket of goods and services.
The consumer price index (CPI) is the most commonly cited inflation index in the U.S.
Economists and policymakers use these indices to adjust wages, benefits, and contracts for purchasing power: Social Security payments are tied to an inflation index.
- hyperinflationExtreme rapid price escalation
- cost of livingPrice of basic necessities
- price levelAggregate cost measurement
- sticker shockDistress from unexpected expense
- indexationAutomatic adjustment to benchmarks
rising prices · economic indicator · price stability · monetary policy · central bank · interest rates · international trade agreements · real wages · stagflation · stagflation
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